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Top 7 Life Insurance Tips

The healthier you are, the better the rates
Healthy people earn lower rates on their life insurance. You will pay a higher premium for anything that shortens your life expectancy: smoking, medications, obesity, and a bad driving record.
Buy sooner rather than later
If you’ve been waiting to purchase life insurance because you don’t want to start paying the premiums, you may be costing yourself money. The younger you are when you purchase life insurance, the lower your premiums will be.
Every so often, review your coverage to ensure it is right for you
With the birth of child, job change, or a child attending college, a big life change can signal the need for a review of your overall financial plan. When it comes to life insurance coverage, you’ll want to make sure that this major life event won’t leave you underinsured or over insured.
Making monthly premium payments is costing you money
You may not realize, but you could be paying a higher payment for your life insurance if you pay your premium in monthly installments. Many insurance companies charge extra fees if you make monthly premium payments instead of paying the annual premium.
Augment the life insurance offered in your job benefits
Many employers offer their employees some sort of group life insurance, but this amount of coverage is usually not enough to adequately meet your life insurance needs. In addition, group life insurance policies are not portable, meaning that if you leave your job, you can’t take your life insurance coverage with you.
Tell the whole truth and nothing but the truth
Do not lie on your insurance application. If your insurance company finds out that you falsified a health-related pre-existing condition or a lifestyle habit,like smoking, they may be able to terminate your coverage and deny you payments on any claims.
Buying more is sometimes cheaper
Life insurance costs less per thousand dollars once you get into higher coverage amounts. By increasing your coverage to the next threshold (e.g., $500,000), you may be able to pay a lower premium.